BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported fiscal first-quarter profit of $1.87 billion.

On a per-share basis, the Boise, Idaho-based company said it had profit of $1.67. Earnings, adjusted for one-time gains and costs, were $1.79 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.

The chipmaker posted revenue of $8.71 billion in the period, matching Street forecasts.

For the current quarter ending in February, Micron expects its per-share earnings to range from $1.16 to $1.36.

The company said it expects revenue in the range of $7.7 billion to $8.1 billion for the fiscal second quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MU at https://www.zacks.com/ap/MU